Home > News > featured news > Intersect Power Achieves Commercial Operation of 310 MWp Athos III Solar Project in CA

Solar+Storage, Energy

Intersect Power Achieves Commercial Operation of 310 MWp Athos III Solar Project in CA

Intersect Power, LLC | January 13, 2023 | Read time : 02:00 min

Intersect Power, LLC announced that its Athos III solar project in Riverside County, California, will start making money on December 22, 2022. The Athos III solar project was constructed by union workers, with solar panels, batteries, and steel piles made in America. This means that it is expected to comply with the domestic content and prevailing wage requirements of the Inflation Reduction Act (IRA).

The Athos III solar project (Blythe Mesa Solar II) is generating 224 MWac/310 MWp of dependable solar energy to power about 94,000 households and features 448 MWh of co-located storage.

Sheldon Kimber, Intersect Power CEO, stated, "Today marks a major milestone for the Intersect Power team and our impact as a clean energy developer, owner, and operator."

Source – Cision PR Newswire

Intersect Power's Athos III solar project is part of its near-term portfolio, which includes 2.2 GW of solar photovoltaic and 1.4 GWh of co-located storage. The majority of the portfolio will go live in 2023. As a result, the Athos III solar project generated 500 peak union positions.

Funding for the project's operations and construction was secured as part of the expanded portfolio financing announced in November 2022, when Intersect Power closed on commitments from critical financial institutions and investors for portfolio-level term loans, tax equity, and construction finance.

HPS Investment Partners provided the portfolio term debt. The tax equity was delivered by Morgan Stanley Renewables Inc. The construction debt was provided by coordinating Lead Arrangers Santander Corporate & Investment Banking and MUFG. Along with Cobank, Helaba, KeyBanc Capital Markets, and Nord LB as joint lead arrangers.

About Intersect Power

Intersect Power is a clean energy firm that provides retail and wholesale energy markets with innovative and scalable low-carbon solutions. The corporation produces some of the world's most significant clean energy resources, supplying North American clients with low-carbon power, fuels, and related products. Intersect Power's base portfolio consists of 2.2 GW of solar PV and 1.4 GWh of co-located storage that are either under development or in service. The company's business model calls for expanding grid-connected renewables and large-scale clean energy assets like green hydrogen.

Spotlight

Solar Development in Pennsylvania

This paper offers a comprehensive overview of the status of solar development in the state of Pennsylvania. Beginning with a brief background of potential benefits to individuals and communities from residential and utility scale solar, barriers to realizing these opportunities are then discussed.

More featured news

Spotlight

Solar Development in Pennsylvania

Related News

Sustainability, Energy

Global Warming Solutions' EcoHydroGen©️ Technology Propels Military and Academic Support for Clean Energy Future

Globenewswire | August 08, 2023

Global Warming Solutions Inc a leading innovator in clean energy technology, announced today that it has received ringing endorsements from several highly influential organizations and Department of Defense partners for its groundbreaking EcoHydroGen©️ system. GWSO has received strong praise for EcoHydroGen©️ from the Mississippi Enterprise for Technology (MSET), The University of Southern Mississippi, and the Mississippi Defense Initiative. Mississippi's premier technology incubator, the Mississippi Enterprise for Technology (MSET), affirmed in a letter that EcoHydroGen©️ "holds great promise as an alternative and sustainable energy source." They encouraged the Department of Defense (DoD) to invest in further development and testing of EcoHydroGen©️ as it pursues greener, more efficient energy solutions. Additionally, the University of Southern Mississippi's Mississippi Defense Initiative, a DoD-funded program, touted in their letter EcoHydroGen©️ 's "cutting-edge system that simultaneously generates hydrogen, electricity, and oxygen using an electrochemical reactor." They stated that EcoHydroGen©️ 's "modular design, scalability, and dual functionality as an electric generator and accumulator make it an ideal candidate for a wide range of military applications." Moreover, the Mississippi Development Authority's Energy Division called EcoHydroGen©️ a "pioneering solution in the quest for clean energy" in their enthusiastic letter of support. This designation makes GWSO eligible for preferential contracting with federal agencies. GWSO's patented EcoHydroGen © ️ system uses an electrochemical reactor to produce pure hydrogen and oxygen on-site without external systems or infrastructure. This allows for environmentally friendly and efficient energy generation in a variety of stationary and mobile applications. "We are truly honored to have these esteemed organizations recognize EcoHydroGen©️ 's immense potential in leading the clean energy transition," said Michael Pollastro, GWSO's CEO. "Their votes of confidence further validate EcoHydroGen©️ 's capabilities as we engage with both public and private partners to scale this technology." According to the Hydrogen Council and McKinsey projections, the total addressable market for hydrogen solutions could skyrocket to $2.5 trillion by 2050, with hydrogen meeting 18% of global energy demand. BloombergNEF forecasts are even more optimistic, predicting clean hydrogen could supply 25% of total energy needs by 2050 as adoption accelerates. With global urgency to reduce emissions at an all-time high, these projections highlight the immense growth potential for clean hydrogen in the coming decades. GWSO is uniquely positioned with its EcoHydroGen technology to capture a leadership share of this massive opportunity. " EcoHydroGen©️'s minimal infrastructure needs and pure oxygen byproduct also provide ancillary benefits beyond green energy generation," added Raymond Caladas, CEO AQST USA. "We look forward to exploring exciting new use cases as we work to fulfill our mission of building a more sustainable future." About Global Warming Solutions Inc. Global Warming Solutions Inc. (GWSO) is a worldwide developer of technologies that help mitigate climate change and its effects on the planet. The company’s mission is to develop and bring innovative market technologies that address the urgent need to reduce greenhouse gas emissions and adapt to the impacts of climate change.

Solar+Storage

Bidgely and GridX Partner to Optimize Electricity Costs for a Clean Energy Future

businesswire | August 02, 2023

Bidgely, the leading provider of AI-powered energy intelligence solutions, and GridX, the leading enterprise rate platform provider to modern utilities, have announced a partnership to deliver enhanced energy cost accuracy and control for utilities and their customers. By combining behind-the-meter consumption insights with highly accurate cost insights, utilities can implement grid management initiatives, such as cost-based load shifting and time-varying rates, that keep energy reliable and affordable for consumers. "Motivating consumers to make smarter energy decisions is paramount to achieving utility decarbonization goals,” said Chris Black, CEO of GridX. “Through our partnership with Bidgely, we are further reducing the mystery of how a consumer's energy choices correspond to their energy bills or grid impact. This results in a win for everyone. Customers get lower bills, utilities get more life out of their existing infrastructure, and customers and utilities are in sync in achieving their decarbonization goals.” Bidgely’s UtilityAI™ Platform, which provides hour-by-hour energy insights into customers’ usage patterns at the appliance level, combined with GridX’s industry-leading rate engine enables utilities to execute demand-side management strategies critical for supporting decarbonization and electrification goals. This integration enables utilities to: Improve rate analytics for tailoring new and existing plans to customer needs and utility objectives. Give customers rate comparisons that project the detailed impact to their bill across different rate options. Personalize cost simulations that inform customers on how potential changes impact future bills, for example: EV purchases, HVAC upgrades, solar PV and Time-of-Use enrollment. Deliver accurate appliance-level cost breakdowns across the bill cycle and hourly levels. Unlocking behind-the-meter cost savings opportunities also bolsters satisfaction and trust among utility customers. Through highly precise bill projections, rate comparisons and energy efficiency recommendations, consumers can understand how their individual usage affects bill statements and better control their energy costs. “Restructuring rate plans for better load shifting has become an imperative utility initiative, especially as electric vehicles, appliance electrification and weather-related grid strains become more prolific. By partnering with GridX, we are teaching consumers that when they use energy is as important as how much energy is used, and we are giving every kilowatt-hour consumed a dollar value to help drive simple and actionable behavioral changes,” said Abhay Gupta, CEO of Bidgely. About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. About GridX, Inc GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 25 million homes and businesses.

Solar+Storage, Energy, Industry Updates

Altus Power Announces New Solar & Energy Storage Asset in Massachusetts

businesswire | July 26, 2023

Altus Power, the leading independent owner of commercial-scale solar solutions announced the addition of a new combined 10 megawatt solar plus 15 megawatt-hour battery storage system located in Holliston, Massachusetts. The benefits of the electricity generated will be delivered under long-term agreements with a regional supermarket as well as local Community Solar customers under the Massachusetts DOER SMART Program. “Battery storage is an important tool for local utilities to ensure grid stability as they increase their reliance on renewable electricity,” said Gregg Felton, co-CEO and co-Founder, Altus Power. “In addition, we expect storage will increasingly be paired with Altus Power solar arrays for customers interested in clean, on-site backup power and electric vehicle charging.” Solar energy systems paired with battery storage enhance the availability of clean electricity at any time of day, independent of weather conditions. The Holliston project was developed in partnership with REA, one of Altus Power’s long-standing channel partners, and adds to the 116 megawatts of solar arrays owned and operated by Altus Power in Massachusetts (as of March 31st, 2023). Altus Power’s portfolio across 25 states serves enterprises committed to achieving carbon reduction goals, anchored by the company’s distributed solar arrays. As one of the pioneers of Community Solar, Altus Power currently serves more than 20,000 subscribers nationwide. Community Solar provides homeowners and renters of diverse income brackets access to the benefits of clean energy savings without requiring customers to provide their roofs for the installation of solar panels. About Altus Power, Inc Altus Power, based in Stamford, Conn., is the leading independent commercial-scale provider of clean electric power serving commercial, industrial, public sector and community solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally-sited solar generation, energy storage and charging infrastructure across the nation.